What document must credit repair organizations provide to individuals before entering a contract?

Credit repair organizations are required by law to provide a written disclosure statement to individuals before entering into a contract. This is an essential consumer protection provision that ensures potential clients are well-informed about their rights and the services being offered. The written disclosure typically outlines the consumer's rights under the Credit Repair Organizations Act, including aspects like the right to cancel the contract and the specifics of what services the organization will perform.

By mandating this disclosure, the law aims to promote transparency and prevent deceptive practices in the credit repair industry, allowing individuals to make educated decisions about whether to engage the services of a credit repair organization. This foundational document plays a critical role in fostering trust and accountability in the relationship between the consumer and the credit repair service.